The only way to sell a property through a compnay is to sell the shares in the company. If you sell the shares for a profit then you would have to pay tax.

But you may be able to avoid paying stamp duty using this method.

Terryw
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Hi Darren

Yes you will have to cover the interest on both investment loans and the home loan. You could possibly do this from rental income (if the yield is high enough) or more likely, from other income (ie negative gear).

If you had the cash, you would have less interest. But from a taxation point of view, if you had the cash, you would be…[Read more]

Waht about offering incentives to the agent for selling within a certain timeframe.

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Even if you will not have a loss, a hybrid trust may still be worth considering due to other benefits including hte refinancing principle.

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Are you sure this is your PPOR? If so, you cannot claim any loss.

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I would sign and take the money. It is jsut a signature. Nothing could be legally added above, nor could the signature be used otherwise. Nothing to fear.

I think I went to a seminar years ago where the presenter offered a $50 note to someone. The person refused thinking there must be a catch. No one would give away $50. Then someone in the…[Read more]

Have a look at Brett Davies Lawyers. they are in Perth. http://www.lawcentral.com.au

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There are some lenders out there that will lend based on end value. around 60-65% LVR at around 12%. No financials usually needed.

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Kari

I think if you have a loss, it will just carry forward to the next year if you have no other icome. However, if you are going to be away for a while, you may cease to be a resident for tax purposes, so this may have some implications.

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Mkc

Probably the major issue would be deposits. Many would not be able to come up with 5%+ needed. If they also have bad credit, this would mean a much larger %.

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Really, when you think about it, the only way to pay a loan off quicker is to make extra repayments. There are no secret techniques. Just pay more, quicker and you will get there.

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Not namy solutions. Possibly the only one is to pay cash.

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If you want to resell before settlement, just approach an agent and put it on the market – do quickly before time runs out.

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I am not an accountant, but would think that the option is separate to the sale. The ATO assess the CGT on dates of the contract of sale. So initially you would only be entering into an option agreement. The contract of sale would come later, if or when they decide to cash you out.

But I beleive the option fee is taxable as a capital…[Read more]

I was watching some Peter Spann videos over the break and he made a good point on this. It doesn’t really matter if you pay for LMI if your property is growing – the amount becomes insignificant. eg. if you pay $8,000 LMI on a $400,000 property that is growing at 5% ($20,000 pa).

It is tax deductible and the left over money will allow you to buy…[Read more]

I believe that the settlor is the person that gifts the initial sum – only.

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Firstly, you would probably need to be licenced. This may depend on what you actually do, how you do it and what state you are in. I’ve put some links regarding this (for NSW) before.

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Yes he is a good friend. Ex ATO.

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What about the tables in the back of the Australian Property Investor Magazine?

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Following on from Simon, if you really want to pay it off quickly, maybe you could buy two and sell one in 5 years, using the proceeds to pay off the remaining loan.

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